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How to open a bank account in Schroder & Co Bank AG

Beginning of cooperation Last contact Last update
March, 2016 December, 2021 April, 2021

GSL reference about the bank

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Primary requirements:
- opens savings (investment) accounts;
- The bank does not set requirements for the minimum account balance, however, due to its specialization in asset management, it gives preference to clients with funds of CHF 10,000,000 or more;
- the term for opening an account - case by case (check with the consultant);
- an account can be opened without leaving Switzerland, but a meeting with a banker who regularly visits Moscow is required.

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    Bank's characteristics

    General information and rating

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    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    Not rated 124 A
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    Year of foundation 1804
    History The history of Schroders as we know it today begins in 1804, when Johann Heinrich Schröder becomes a partner in J. F. Schröder & Co, the London-based firm founded by his brother, Johann Friedrich Schröder, in 1800. By the beginning of the 20th century, Schroders is one of the leading banking houses in London, issuing bonds for clients in North and South America, South Africa, Russia, China, Japan and Europe. Schroders employ over 3,700 talented people worldwide operating from 38 offices in 28 different countries across Europe, the Americas, Asia and the Middle East, close to the markets in which we invest and close to our clients.
    Personnel Speaks German, English, French, Italian, Spanish, Arabic, and above all Polish and Russian (staff of eight)
    Bank’s shareholders The company is listed on the FTSE100 in London Main shareholders is the Schroder family for the last more than 200 years
    Confidentiality Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

    Minimum requirements

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    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    0 1 0 0
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    Minimum balance, € The bank does not set requirements for the minimum account balance. However, due to specialization in asset management, preference is given to clients with funds from CHF 10,000,000
    Transactions permitted per month Not a payment bank. The main use of the account is the storage and management of assets
    Initial deposit of funds, € No

    Tariffs and services

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    100 0 2 000 N/A N/A
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    Outcoming transfer, € Payment fees / Cheque issue (CHF) - 5 CHF. Payment fees / Cheque issue (CHF) - 0.10% (min 30 СHF, max 100 CHF). Other currencies payment / Cheque - 0.20% (min 30 СHF, max 200 CHF)
    Incoming transfer, € No
    Account maintenance, €/year Minimum fees of 2000 CHF per year
    Financial products Schroders is an asset management company
    Hold mail Hold mail - 500 CHF

    Account opening procedure

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    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Savings
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    Visit to the bank A visit to the banks is not obligatory. The bank’s representative visits Moscow
    Required Completed bank forms; copy of client’s passport; client’s CV; standard set of corporate documents
    Types of accounts Personal; Corporate; Savings
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located
    Chances to open an account Predictable
    Business description Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed
     
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    Comments

    • userpic round-small-mask

      14.08.2021 Aphiri Samuel patson

      I’m living in south Africa I like to be part of this great bank , who’s giving you opportunity or access to be close to trading platform thanks.

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